https://www.taxtmi.com/caselaws?id=154279 The Court allowed the petition, quashing the assessing authority's orders and directing a fresh best judgment assessment for the petitioner's business of paints and varnish. The Court emphasized the necessity for the assessing officer to base estimates on evidence rather than mere suspicion, finding the initial assessment lacking in disclosed basis or material. The petitioner's contention of arbitrariness in the assessment was upheld, leading to a favorable outcome for the petitioner with costs to be borne individually and a refund of any outstanding security deposit. en-us Thu, 02 Feb 1984 00:00:00 +0530 Fri, 16 Aug 2013 17:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154279 The Court allowed the petition, quashing the assessing authority's orders and directing a fresh best judgment assessment for the petitioner's business of paints and varnish. The Court emphasized the necessity for the assessing officer to base estimates on evidence rather than mere suspicion, finding the initial assessment lacking in disclosed basis or material. The petitioner's contention of arbitrariness in the assessment was upheld, leading to a favorable outcome for the petitioner with costs to be borne individually and a refund of any outstanding security deposit. Case-Laws VAT and Sales Tax Thu, 02 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154279